Spruce Power Holding (SPRU) Operating Expenses (2019 - 2026)
Spruce Power Holding (SPRU) posted Operating Expenses of $21.8 million for Q4 2025, down 2.08% sequentially from $22.2 million in Q3 2025, and down 18.33% YoY from $26.7 million in Q4 2024.
Spruce Power Holding (SPRU) Operating Expenses (2019 - 2026) Analysis & Trends
Spruce Power Holding has reported Operating Expenses for 7 years, with the latest figure at $21.8 million in Q4 2025.
- Quarterly Operating Expenses fell 18.33% year-over-year to $21.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $93.9 million (down 29.38% YoY) and the FY2025 annual result came in at $93.9 million, down 29.15% from the prior year.
- Operating Expenses retreated to $21.8 million in Q4 2025 per SPRU's latest filing, from $22.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at $58.5 million in Q3 2024 and troughed at -$10.5 million in Q4 2021.
- A 5-year average of $22.8 million and a median of $23.0 million in 2023 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 7038.29% in 2021, down 366.27% in 2021.
- Over 5 years, Operating Expenses stood at -$10.5 million in 2021, then soared by 440.12% to $35.7 million in 2022, then slumped by 32.2% to $24.2 million in 2023, then climbed by 10.14% to $26.7 million in 2024, then decreased by 18.33% to $21.8 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $21.8 million, $22.2 million, and $24.3 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 64.84 Mn |
| 10 | Spruce Power Holding | 34.82 Mn | -46.72 Mn | 23.10 Mn | 20.57 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 20.57 Mn |
| Dec 31, 2025 | 21.78 Mn |
| Sep 30, 2025 | 22.24 Mn |
| Jun 30, 2025 | 24.34 Mn |
| Mar 31, 2025 | 25.51 Mn |
| Dec 31, 2024 | 26.67 Mn |
| Sep 30, 2024 | 58.54 Mn |
| Jun 30, 2024 | 25.84 Mn |
| Mar 31, 2024 | 21.88 Mn |
| Dec 31, 2023 | 24.21 Mn |
| Sep 30, 2023 | 47.77 Mn |
| Jun 30, 2023 | 23.79 Mn |
| Mar 31, 2023 | 20.91 Mn |
| Dec 31, 2022 | 35.71 Mn |
| Sep 30, 2022 | 29.26 Mn |
| Jun 30, 2022 | 9.78 Mn |
| Mar 31, 2022 | 7.73 Mn |
| Dec 31, 2021 | -10.50 Mn |
| Sep 30, 2021 | 18.47 Mn |
| Jun 30, 2021 | 13.63 Mn |